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Suppose that we are in an economy with the AEF given by: AEF = 1,700 + 0.69Y Suppose also that AS and AD are given
Suppose that we are in an economy with the AEF given by:
AEF = 1,700 + 0.69Y
Suppose also that AS and AD are given by:
AS = p
AD = 200 - p
If Autonomous Government spending decreases by $57, how much will equilibrium Real GDP (Y) change as a result of this?
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